Pillsbury Advises Citi in $1.35 Billion Financing for Digicel

Pillsbury advised Citi—as joint book runner with JPMorgan, and co-lead arranger with JPMorgan, Barclays, Credit Suisse and Deutsche Bank—in providing a $1.35 billion three-tranche syndicated loan facility for Digicel International Finance Limited.

The financing was comprised of a Term A loan worth roughly $300 million—made up of separate US Dollar and Euro-denominated loans—and a Term B loan valued at $955 million. The deal also includes a $100 million revolving credit facility. Citi acted as Administrative Agent for the facilities.

The Pillsbury team advising on the transaction was led by New York Finance partner Jon Whitney and senior associate Maria Cho, with associates Joseph Galvin, Maureen Reed and Issac Lee also heavily involved. New York partner Harsha Reddy advised on related tax issues.